The recent global financial crisis has been characterised as a turning point in the way we respond to financial crime. Focusing on this change and 'crime in the commercial sphere', this text considers the legal and economic dimensions of financial crime and its significance in societal consciousness in twenty-first century Britain. Considering how strongly criminal enforcement specifically features in identifying the post-crisis years as a 'turning point', it argues that nineteenth-century encounters with financial crime were transformative for contemporary British societal perceptions of 'crime' and its perpetrators, and have lasting resonance for legal responses and societal reactions today.
The analysis in this text focuses primarily on how Victorian society perceived and responded to crime and its perpetrators, with its reactions to financial crime specifically couched within this. It is proposed that examining how financial misconduct became recognised as crime during Victorian times makes this an important contribution to nineteenth-century history. Beyond this, the analysis underlines that a historical perspective is essential for comprehending current issues raised by the 'fight' against financial crime, represented and analysed in law and criminology as matters of enormous intellectual and practical significance, even helping to illuminate the benefits and potential pitfalls which can be encountered in current moves for extending the reach of criminal liability for financial misconduct.
Sarah Wilson's text on this highly topical issue will be essential reading for criminologists, legal scholars and historians alike. It will also be of great interest to the general reader.
'In this scrupulously researched book, Sarah Wilson brilliantly exposes the historical roots and contemporary consequences of financial crime. Her analysis traces the evolution of legal, popular and social scientific understandings of financial fraud over the past two centuries, and provides an important corrective to the mistaken idea that white-collar crime is a product of the 20th century and its various technological revolutions. The story of the long-running battle between the forces of fairness and transparency versus those of fraud and exploitation has rarely been so trenchantly told.' - Michael L. Benson, Professor, School of Criminal Justice, University of Cincinnati, USA 'This is an impressive study of how we think about what constitutes the boundary of legitimate business activity. It reminds us that the massive recent expansion in financial services seems to have been an almost Faustian pact, which has now backfired. Rarely can a history have been so important in understanding the present and Sarah Wilson's book frames current financial regulation within the context of not just historical narrative, but a historiographical appreciation of past and present. This should inspire and encourage other scholars to investigate how legal ideas relate to the social and economic history of business.' - Dr Roy Edwards, Management School, University of Southampton, UK 'This excellent book is a "must-read" for anybody working in the field of financial crime, whether as a practitioner or academic lawyer. Financial crime has contributed to the global financial crisis and remains endemic in some business circles. In explaining how we have arrived at this position, Dr Wilson is able to offer readers some extremely important thoughts as to how the future response should best be framed.' - Jonathan Fisher QC, practising barrister and visiting professor at the London School of Economics, UK 'Dr Sarah Wilson has produced an excellent commentary on the evolution and development of financial crime in the United Kingdom. The monograph is timely, unique and a very significant piece of work. The commentary and analysis in this work are of the highest standard and Dr Wilson must be commended for producing an intriguing and thought-provoking commentary on a significant multidisciplinary topic.' - Dr. Nicholas Ryder, Professor in Financial Crime, University of the West of England, Bristol, UK
Series: Routledge SOLON Explorations in Crime and Criminal Justice Histories
Audience: Tertiary; University or College
Number Of Pages: 260
Published: 13th May 2014
Dimensions (cm): 23.11 x 15.75 x 2.29
Weight (kg): 0.58